Peter Smith
⬤ Dogecoin has hit a critical structural zone according to analysis from the crypto community, with the asset continuing to shape what looks like a Wyckoff Accumulation pattern on the 3-day timeframe. Based on the framework, DOGE just wrapped up Phase C and touched its Spring level—essentially the lowest point of this formation. This stage usually represents the final downside shake-out before things start looking up.
⬤ The technical setup shows a broad horizontal accumulation channel, with DOGE bouncing off its lower edge repeatedly throughout 2024 and into 2025. The current price action suggests we might be entering Phase D, where the coin typically works its way back toward resistance at the top of the range. In Wyckoff theory, this phase is all about growing demand starting to outweigh selling pressure, which tends to push prices gradually higher.
⬤ A successful Phase D could transition into Phase E, signaling strength beyond the accumulation zone. The chart shows how each previous bounce inside this formation matched classic Wyckoff behavior—DOGE stabilizing at support before launching recovery attempts. While there aren't specific price targets laid out, the structure clearly marks horizontal resistance as the next big level to watch.
⬤ Here's the thing: this setup matters for long-term sentiment around Dogecoin. If the Wyckoff pattern plays out as expected, a push toward the upper boundary—and maybe even a breakout—could flip medium-term momentum. These kinds of structural shifts often bring fresh market interest, especially for coins that have been stuck in sideways action for months on end.
Peter Smith
